Legacy Iron Ore Ltd (AU:LCY)
ASX:LCY
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Legacy Iron Ore Ltd
(Sydney:LCY)
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Rating:59Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:05/20/26
The score is primarily supported by balance-sheet strength (very low leverage) and improved cash flow, which reduce financial risk. It is held back by ongoing lack of consistent profitability and volatile historical performance, and by limited technical data plus an unhelpful negative P/E and no dividend yield data.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a sizable equity base provide durable financial flexibility for a development-stage miner. This reduces refinancing and covenant risk, enabling the company to fund exploration or project advancement without immediate debt pressure, a long-term stability factor.
Negative Factors
Lack of Consistent Profitability
Despite revenue gains, the company has not converted top-line momentum into consistent operating or net profits. Persistent negative earnings impair retained earnings, limit reinvestment capacity, and mean equity holders are not yet receiving adequate returns from core operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a sizable equity base provide durable financial flexibility for a development-stage miner. This reduces refinancing and covenant risk, enabling the company to fund exploration or project advancement without immediate debt pressure, a long-term stability factor.
Read all positive factors
Legacy Iron Ore Ltd (LCY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.50M
Dividend YieldN/A
Average Volume (3M)403.98K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth104.42%
EPS GrowthN/A
CountryAU
Employees14
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,917,419,000
10 Day Avg. Volume528,403
30 Day Avg. Volume403,981
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)2.03
Price to Sales (P/S)0.66
P/FCF Ratio15.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Legacy Iron Ore Ltd Business Overview & Revenue Model
Company Description
Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It primarily explores for iron, gold, base metals, tungsten, and manganese, as well as rare earth metals. The company's projects in...
How the Company Makes Money
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Legacy Iron Ore Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 88.61M | 43.34M | 2.08M | 50.00K | 0.00 |
| Gross Profit | 86.38M | 28.75M | 2.08M | -11.16K | -82.50K |
| EBITDA | -2.68M | -19.33M | -9.53M | 2.07M | -923.10K |
| Net Income | -556.38K | -27.95M | -9.59M | 2.01M | -1.01M |
Balance Sheet | |||||
| Total Assets | 37.89M | 37.96M | 47.22M | 25.61M | 23.61M |
| Cash, Cash Equivalents and Short-Term Investments | 9.67M | 11.14M | 15.26M | 9.74M | 7.51M |
| Total Debt | 88.16K | 18.47K | 49.77K | 82.29K | 24.00K |
| Total Liabilities | 9.03M | 9.01M | 12.31M | 288.79K | 290.53K |
| Stockholders Equity | 28.87M | 28.94M | 34.90M | 25.32M | 23.32M |
Cash Flow | |||||
| Free Cash Flow | 3.87M | -25.02M | -13.50M | 579.48K | -2.33M |
| Operating Cash Flow | 3.89M | -16.60M | -9.95M | 2.01M | 82.50K |
| Investing Cash Flow | -1.81M | -15.47M | 1.83M | 3.79M | -8.30M |
| Financing Cash Flow | -36.93K | 22.18M | 16.78M | -41.24K | -45.61K |
Legacy Iron Ore Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$59.50M | -105.27 | -2.00% | ― | 104.42% | ― | |
56 Neutral | AU$154.71M | -8.64 | -23.79% | ― | ― | 80.88% | |
50 Neutral | AU$1.19B | -12.21 | -33.71% | ― | 35.51% | 63.30% | |
49 Neutral | AU$238.66M | -8.18 | -11.15% | ― | ― | -88.89% | |
48 Neutral | AU$164.17M | -5.58 | -12.55% | ― | ― | -133.33% | |
46 Neutral | AU$50.14M | -14.50 | -4.25% | ― | ― | ― |
* Basic Materials Sector Average
AU:LCY
Legacy Iron Ore Ltd
0.01
0.00
0.00%
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Legacy Iron Ore Ltd Corporate Events
Legacy Iron advances Mount Celia gold sales and Mount Bevan drilling in March quarter
Apr 29, 2026
Legacy Iron Ore reported a busy March quarter at its South Laverton Project, where its Mount Celia Gold Operation delivered four ore sales to Norton Goldfields’ Paddington mill, totalling 119,491 tonnes at an average grade of 1.09 grams per ...
Legacy Iron Ore posts modest operating inflow as exploration spend trims cash
Apr 29, 2026
Legacy Iron Ore Ltd reported a modest net cash inflow from operating activities of A$1.49 million for the March 2026 quarter, supported by customer receipts, interest income and other operating cash, while keeping production, staff and corporate c...
Legacy Iron Ore Switches Share Registry to Computershare
Apr 24, 2026
Legacy Iron Ore Ltd, an ASX-listed Western Australian resources company focused on iron ore and precious and base metals, continues to advance a suite of exploration and development assets including the Mt Bevan iron ore and South Laverton gold pr...
Legacy Iron Ore Uncovers Multiple Gold Targets at Yilgangi via UAV Magnetic Survey
Apr 15, 2026
Legacy Iron Ore has completed a UAV magnetic survey over its Yilgangi Project, part of the South Laverton Gold Project, confirming that the tenements sit within the regionally significant Keith-Kilkenny Fault System in the Eastern Goldfields of th...
Legacy Iron Ore Lifts Mt Celia Gold Resource by 53%
Apr 13, 2026
Legacy Iron Ore has reported a significant upgrade to the Mineral Resource Estimate at its Mt Celia Gold Project, with total resources now standing at 8.8 million tonnes at 1.38 grams per tonne gold for 390,150 ounces, a 53% increase in contained ...
Legacy Iron Ends Mt Celia RTM Phase as Heap Leach Plans Advance
Feb 26, 2026
Legacy Iron Ore has completed ore haulage from the Mt Celia Gold Project to Paddington Gold Pty Ltd, formally ending operations under a Right to Mine agreement and closing out Phase I of the project. The company says the experience gained during t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.